IT-Services M&A-Report December 2025
Cybersecurity
The latest Oaklins IT-Services M&A Report with a focus on cybersecurity highlights a sector that has experienced substantial growth in recent years and is expected to expand by a further 80% over the next five years. This outlook is driven by the rising demand for cybersecurity solutions and managed services. The same trend is visible in the consistently strong M&A activity across the cybersecurity landscape.
Supported by robust market dynamics, valuation multiples remain at sustainably high levels. As seen in other sectors, company size continues to have a significant impact on valuation, with larger businesses achieving meaningfully higher multiples.
Key insights at a glance:
- Transaction volume remains high – both globally and in the DACH region.
- Financial investors are very active in this field and tend to pay higher multiples than strategic buyers, primarily due to larger size of their transactions.
- Long-term valuation multiples remain stable at around 2x EV/Sales and 12x EV/EBITDA, though a wide range can be observed depending on the specifics of the target company.
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